Entangle price

NGL

#556

Entangle is built with developer customizability in mind with the innovative distributed network of PoS machines termed The Agent Network. Transmitter Agents are programmable to collect and aggregate data from various on-chain and off-chain sources, such as real-world and blockchain data. A Proof-of-Collateral system is used whereby Agents must stake $NGL tokens to participate and reach consensus for data to be validated on the Entangle Blockchain.

Additionally, 3rd parties may deploy customized Transmitter Agents to verify on-chain or off-chain data, receiving $NGL tokens as compensation. Parties may elect to use Entangle’s Agents, 3rd party ones, or some combination of the two as part of their security design.

Applications may also customize security and consensus parameters such as the number of Receiver and Executor Agents, consensus threshold parameters, preferred data sources, data delivery method, data process logic, and more. These can be tailored based on security and cost preferences, and be proportionally upgraded alongside as required.

Entangle also allows connectivity of EVM and Non-EVM blockchains including Solana, Ethereum, Sei, Base, Mantle & more, where native omnichain assets can be issued on connected blockchains simultaneously.

Leveraging the core infrastructure, Entangle built its first native application, allowing users to create Composable Derivatives Tokens (CDTs) on top of yield-bearing assets to enhance liquidity and maximize returns. These assets represent the next evolution of on-chain assets enabling dApps to share liquidity throughout DeFi.

Entangle was founded by Faisal Mehrban in 2022.

Faisal Mehrban is the Founder and CEO of Entangle Labs. Faisal has diverse experience in Investment Banking, FinTech, RegTech and Digital Assets, working at JP Morgan, Barclays and Credit Suisse as a Lead Consultant. Faisal Mehrban graduated from the University of Warwick (LLM specialising in Banking and Finance) and also an alumnus of the University of Oxford, where he specialised in Blockchain Strategy.

Entangle has attracted some of the most prominent investors in the crypto space, such as Consensys, Big Brain Holdings, LaunchCode Capital, Seier Capital and much more. In addition, Entangle has also secured grants from leading crypto projects, including Aave, Mantle and MetisDAO.

$NGL is Entangle's native token, a keystone in powering Entangle’s core infrastructure. The token is crucial in fueling the Entangle Blockchain where $NGL is used as payment for gas transaction fees and as a bond for developers looking to integrate the Entangle suite of products.

In addition, it is used as a delegation to run both Blockchain Validators and Transmitter Agents. Holders of NGL are also able to delegate to Validators or Agents, further compounding Entangle’s security as well as receiving a share of the revenues generated. Holders are also able to stake $NGL for real yield and exclusive benefits within the Entangle Ecosystem, including access to future products and tokens.